Last Updated on Thursday, 14 November, 2024 at 8:56 am by Andre Camilleri
Malta International Airport’s financial results for the first nine months of the year were published, following approval of the Group’s financial statements by its Board of Directors, and may be viewed in full here.
Between January and September 2024, Malta International Airport generated €107.8 million in revenue and posted a net profit of €39.5 million. These results were bolstered by a strong traffic performance, which saw the airport welcome 6,896,928 passengers during the same period.
Capital expenditure for the first nine months of 2024 totalled €39.7 million, as works on major infrastructural projects, including the construction of Apron 8 South, the first phase of the Terminal Expansion Project, and the development of an upgraded VIP Terminal, continue apace.
October traffic results
Malta International Airport also announced that passenger traffic grew by 8.7 per cent in October, compared with the same month last year, as passenger volumes exceeded the 800,000 milestone for the first time to total 838,393 movements.
While seat capacity increased by 6.5 per cent year on year, Seat Load Factor (SLF) also registered an uptick of 1.8 percentage points to stand at 86.5 per cent.
With a combined market share of just over 50 per cent, Italy, the United Kingdom and Germany continued to dominate Malta International Airport’s market leaderboard in October. While the French and Polish markets secured the fourth and fifth positions respectively, the latter registered the most substantial year-on-year improvement, with a growth rate of 49.8 per cent.
Revised guidance
A strong nine-month performance has given Malta International Airport a confident outlook for full-year 2024, leading the Company to adjust the guidance published in May 2024 to the following:
- Traffic to reach 8.96 million passenger movements
- Revenue to total €141 million
- EBITDA to reach €85 million
- Net Profit to amount to €46 million
- CAPEX to be €64 million
